Shares of Delinquent Commercial Mortgage-Backed Loans Declines: The share of delinquent commercial mortgages that were bundled together and sold as securities declined modestly during the third quarter for the first time since the property downturn began four years ago, according to a survey released Tuesday by the Mortgage Bankers Association.

Developer Courts the Global Elite: With stock markets churning and the economy questionable, New York developer Gary Barnett has picked a strange time to erect Manhattan’s tallest residential building.

Resort Operator Kerzner Shrinks: Five years after resort operator Kerzner International Holdings Ltd. was taken private in a $4 billion buyout by a group of big-name investors—including Goldman Sachs Group Inc.’s Whitehall funds and Colony Capital LLC—the deal has turned into a bad bet.

Brookfield Pursues Distressed Deals: Brookfield Asset Management, which established a bridgehead in U.S. real estate during the early 1990s, is ramping up its pursuit of big-ticket distressed properties.

Deal of the Week: Stirrings in Inland Empire: Developers in Southern California’s Inland Empire are moving forward with the region’s first speculative warehouse and distribution-center projects since the downturn, in a sign of the surprising resilience of consumer spending.

Plots & Ploys: Pinot, Not Condo: A former mortgage banker’s plans to turn a former apple-processing plant into a 300-unit condo and rental development didn’t work out. Instead, he plans to redevelop the Sonoma County, California, property as a market where local food and wine producers and artists can make and sell their goods. Read More »